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Shanghai First Pharmacy’s New Chief Accelerates Balian Reorganization

This article was originally published in PharmAsia News

Executive Summary

Shanghai First Pharmacy Co., Shanghai's top drug retailer, has appointed industry veteran Zhen-Wu Xu its new CEO. Hailing from Bailian Group, Wu is expected to accelerate the reorganization of Bailian's two subsidiaries, SFP and Huifeng Pharmaceutics. According to a company official, both subsidiaries have completed the integration of their marketing channels and management. The consolidation of wholesale and chain store retail business, as well as sales and distribution, will follow. SFP plans to set up a chain of drugstores in shopping centers and supermarkets by tapping on Huifeng Pharmaceutics' rich experience in drug chain store management. (Click here for more)
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